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Asset Summary – Wednesday, 11 February US DOLLAR experienced a rebound following stronger-than-anticipated US jobs data, which tempered expectations for Federal Reserve rate cuts. This positive employment data, including a significant rise in payrolls and a drop in the unemployment rate, has led traders to reduce their bets on imminent rate…
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Oil prices are experiencing upward pressure due to escalating tensions in the Middle East, particularly related to potential US intervention regarding Iranian oil shipments and nuclear program negotiations. However, this upward momentum is tempered by concerns about rising US oil inventories and predictions of a future supply surplus by international energy…
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Gold is trading around $5,060, fluctuating due to mixed signals from US labor data and Federal Reserve policy expectations. Stronger-than-expected US employment figures tempered expectations of rapid Fed easing, supporting Treasury yields and limiting gold’s upside. However, persistent geopolitical risks, sustained central bank demand, and anticipation of easing later in the…
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Japanese stocks experienced a significant surge, driving both the Nikkei 225 and the broader Topix Index to new record highs. Market sentiment was boosted by expectations that Prime Minister Sanae Takaichi’s anticipated policy changes would stimulate economic growth, particularly through increased spending and tax reductions. The technology sector led the gains,…
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The DAX 40 experienced a volatile trading session, initially declining before recovering some ground. It was trading slightly lower around 24,960 in the afternoon. Market sentiment appeared to be influenced by a stronger-than-anticipated US jobs report and ongoing attention to the earnings season. The DAX 40 pared early losses to trade…
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The FTSE 100 experienced a positive session, rising approximately 0.2% after a previous decline. The index outperformed other European markets, driven by gains in commodity-linked stocks, particularly miners, oil majors, and banks. Gains were further fueled by rising metal and crude prices. However, some sectors, including those exposed to AI disruption…
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US equity futures were generally positive, with contracts attached to the three main stock indices rising. This increase occurred after a surprisingly strong US jobs report, indicating a robust economic environment for companies. While some individual stocks experienced declines due to disappointing earnings reports, the overall market sentiment appeared optimistic, particularly…
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The Australian Dollar has strengthened, reaching its highest level since August 2022, fueled by hawkish comments from the RBA regarding persistent inflation and the potential for further rate hikes. Despite facing some headwinds from weaker-than-expected economic data in China, the Aussie remains resilient as investors await key economic data releases from…
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The Canadian dollar is experiencing a period of strengthening, driven by a combination of domestic and international factors. Resilient labour market data in Canada, coupled with supportive commodity prices and a weaker US dollar, are contributing to the currency’s upward trajectory. Market sentiment is shifting away from expectations of near-term easing…
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The Japanese Yen has strengthened against the US Dollar, driven by optimism surrounding Prime Minister Takaichi’s economic policies and expectations that these policies could allow the Bank of Japan to maintain its hawkish stance. A weaker dollar, influenced by anticipation of Federal Reserve rate cuts, further supports the Yen. However, concerns…
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The British pound is experiencing a complex interplay of factors influencing its value. It is showing some resilience against a weakening US dollar but faces headwinds from dovish signals by the Bank of England and domestic political uncertainties. Market participants are closely watching upcoming US economic data for further direction. The…
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The euro has strengthened, reaching its highest level since late January, buoyed by signals from the European Central Bank (ECB) and anticipation surrounding the US jobs report. Market sentiment suggests the ECB is comfortable with the euro’s recent appreciation. Furthermore, news of a potential early departure of a Bank of France…
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The US Dollar experienced a rebound after a period of losses, primarily driven by unexpectedly positive US jobs data. This data has led to a recalibration of expectations regarding Federal Reserve rate cuts, with markets now anticipating a later and potentially less aggressive easing cycle. The dollar index rebounded to near…
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Asset Summary – Tuesday, 10 February US DOLLAR is currently under pressure as economic data suggests a potential slowdown in US growth. Weaker retail sales figures have increased expectations for the Federal Reserve to implement rate cuts, potentially making the dollar less attractive to investors. Furthermore, reports that Chinese regulators are…
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Oil prices are on the rise, experiencing a third consecutive session of gains, fueled by ongoing US-Iran tensions and uncertainties surrounding India’s Russian crude oil purchases. WTI crude oil futures reached $64.6 per barrel. US issued warning to American-flagged ships to avoid Iranian waters in the Strait of Hormuz. US and…
